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Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.

DiamondRock Hospitality Co is the larger business by last-quarter revenue ($274.5M vs $274.5M, roughly 1.0× IPG PHOTONICS CORP). DiamondRock Hospitality Co runs the higher net margin — 9.5% vs 4.8%, a 4.7% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -1.6%). DiamondRock Hospitality Co produced more free cash flow last quarter ($47.3M vs $10.9M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% CAGR vs 3.5%).

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.

DRH vs IPGP — Head-to-Head

Bigger by revenue
DRH
DRH
1.0× larger
DRH
$274.5M
$274.5M
IPGP
Growing faster (revenue YoY)
IPGP
IPGP
+18.7% gap
IPGP
17.1%
-1.6%
DRH
Higher net margin
DRH
DRH
4.7% more per $
DRH
9.5%
4.8%
IPGP
More free cash flow
DRH
DRH
$36.4M more FCF
DRH
$47.3M
$10.9M
IPGP
Faster 2-yr revenue CAGR
IPGP
IPGP
Annualised
IPGP
4.4%
3.5%
DRH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DRH
DRH
IPGP
IPGP
Revenue
$274.5M
$274.5M
Net Profit
$26.2M
$13.3M
Gross Margin
36.1%
Operating Margin
8.9%
1.2%
Net Margin
9.5%
4.8%
Revenue YoY
-1.6%
17.1%
Net Profit YoY
333.2%
69.8%
EPS (diluted)
$0.12
$0.30

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DRH
DRH
IPGP
IPGP
Q4 25
$274.5M
$274.5M
Q3 25
$285.4M
$250.8M
Q2 25
$305.7M
$250.7M
Q1 25
$254.9M
$227.8M
Q4 24
$279.1M
$234.3M
Q3 24
$285.1M
$233.1M
Q2 24
$309.3M
$257.6M
Q1 24
$256.4M
$252.0M
Net Profit
DRH
DRH
IPGP
IPGP
Q4 25
$26.2M
$13.3M
Q3 25
$22.5M
$7.5M
Q2 25
$40.8M
$6.6M
Q1 25
$11.9M
$3.8M
Q4 24
$-11.2M
$7.8M
Q3 24
$26.4M
$-233.6M
Q2 24
$24.5M
$20.2M
Q1 24
$8.3M
$24.1M
Gross Margin
DRH
DRH
IPGP
IPGP
Q4 25
36.1%
Q3 25
39.5%
Q2 25
37.3%
Q1 25
39.4%
Q4 24
38.6%
Q3 24
23.2%
Q2 24
37.3%
Q1 24
38.7%
Operating Margin
DRH
DRH
IPGP
IPGP
Q4 25
8.9%
1.2%
Q3 25
8.1%
3.1%
Q2 25
13.7%
0.0%
Q1 25
4.3%
0.8%
Q4 24
-3.7%
6.0%
Q3 24
9.5%
-108.7%
Q2 24
8.4%
4.7%
Q1 24
2.8%
7.6%
Net Margin
DRH
DRH
IPGP
IPGP
Q4 25
9.5%
4.8%
Q3 25
7.9%
3.0%
Q2 25
13.4%
2.6%
Q1 25
4.7%
1.6%
Q4 24
-4.0%
3.3%
Q3 24
9.3%
-100.2%
Q2 24
7.9%
7.8%
Q1 24
3.2%
9.6%
EPS (diluted)
DRH
DRH
IPGP
IPGP
Q4 25
$0.12
$0.30
Q3 25
$0.10
$0.18
Q2 25
$0.18
$0.16
Q1 25
$0.04
$0.09
Q4 24
$-0.06
$0.27
Q3 24
$0.11
$-5.33
Q2 24
$0.10
$0.45
Q1 24
$0.03
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DRH
DRH
IPGP
IPGP
Cash + ST InvestmentsLiquidity on hand
$68.1M
$839.3M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.4B
$2.1B
Total Assets
$3.0B
$2.4B
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRH
DRH
IPGP
IPGP
Q4 25
$68.1M
$839.3M
Q3 25
$145.3M
$870.4M
Q2 25
$52.4M
$899.6M
Q1 25
$100.6M
$926.9M
Q4 24
$81.4M
$930.2M
Q3 24
$75.3M
$1.0B
Q2 24
$125.2M
$1.1B
Q1 24
$120.1M
$1.1B
Total Debt
DRH
DRH
IPGP
IPGP
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
DRH
DRH
IPGP
IPGP
Q4 25
$1.4B
$2.1B
Q3 25
$1.6B
$2.1B
Q2 25
$1.6B
$2.1B
Q1 25
$1.6B
$2.1B
Q4 24
$1.6B
$2.0B
Q3 24
$1.6B
$2.1B
Q2 24
$1.6B
$2.3B
Q1 24
$1.6B
$2.3B
Total Assets
DRH
DRH
IPGP
IPGP
Q4 25
$3.0B
$2.4B
Q3 25
$3.1B
$2.4B
Q2 25
$3.1B
$2.4B
Q1 25
$3.1B
$2.3B
Q4 24
$3.2B
$2.3B
Q3 24
$3.2B
$2.4B
Q2 24
$3.2B
$2.5B
Q1 24
$3.2B
$2.6B
Debt / Equity
DRH
DRH
IPGP
IPGP
Q4 25
0.76×
Q3 25
0.70×
Q2 25
0.65×
Q1 25
0.70×
Q4 24
0.69×
Q3 24
0.67×
Q2 24
0.71×
Q1 24
0.72×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DRH
DRH
IPGP
IPGP
Operating Cash FlowLast quarter
$67.9M
$28.8M
Free Cash FlowOCF − Capex
$47.3M
$10.9M
FCF MarginFCF / Revenue
17.2%
4.0%
Capex IntensityCapex / Revenue
7.5%
6.5%
Cash ConversionOCF / Net Profit
2.59×
2.17×
TTM Free Cash FlowTrailing 4 quarters
$162.1M
$-3.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DRH
DRH
IPGP
IPGP
Q4 25
$67.9M
$28.8M
Q3 25
$74.6M
$35.3M
Q2 25
$73.6M
$-2.2M
Q1 25
$27.6M
$13.4M
Q4 24
$75.8M
$73.8M
Q3 24
$61.7M
$66.1M
Q2 24
$55.7M
$53.5M
Q1 24
$31.2M
$54.6M
Free Cash Flow
DRH
DRH
IPGP
IPGP
Q4 25
$47.3M
$10.9M
Q3 25
$54.9M
$14.6M
Q2 25
$57.9M
$-17.6M
Q1 25
$2.0M
$-11.4M
Q4 24
$52.6M
$50.6M
Q3 24
$39.0M
$43.0M
Q2 24
$38.8M
$29.2M
Q1 24
$12.4M
$26.5M
FCF Margin
DRH
DRH
IPGP
IPGP
Q4 25
17.2%
4.0%
Q3 25
19.2%
5.8%
Q2 25
18.9%
-7.0%
Q1 25
0.8%
-5.0%
Q4 24
18.9%
21.6%
Q3 24
13.7%
18.4%
Q2 24
12.5%
11.3%
Q1 24
4.8%
10.5%
Capex Intensity
DRH
DRH
IPGP
IPGP
Q4 25
7.5%
6.5%
Q3 25
6.9%
8.3%
Q2 25
5.1%
6.1%
Q1 25
10.0%
10.9%
Q4 24
8.3%
9.9%
Q3 24
7.9%
9.9%
Q2 24
5.5%
9.4%
Q1 24
7.4%
11.1%
Cash Conversion
DRH
DRH
IPGP
IPGP
Q4 25
2.59×
2.17×
Q3 25
3.31×
4.73×
Q2 25
1.80×
-0.34×
Q1 25
2.33×
3.58×
Q4 24
9.44×
Q3 24
2.33×
Q2 24
2.27×
2.65×
Q1 24
3.75×
2.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DRH
DRH

Occupancy$178.2M65%
Food And Beverage$68.7M25%
Hotel Owned$27.7M10%

IPGP
IPGP

Materials Processing$232.8M85%
Laser And Non Laser Systems$38.8M14%
Transferred Over Time$5.3M2%

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